1 / 36

About RightShip Port Interaction

About RightShip Port Interaction. May 2013. Good Reasons to Vet - 2011. 1,886 vessel casualties 3,198 detentions 300,552 detained hours 358 vessels detained more than once 2,219 global class withdrawal records More than 1 billion tonnes of CO 2 emitted from shipping

keahi
Download Presentation

About RightShip Port Interaction

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. About RightShip Port Interaction May 2013

  2. Good Reasons to Vet - 2011 • 1,886 vessel casualties • 3,198 detentions • 300,552 detained hours • 358vessels detained more than once • 2,219 global class withdrawal records • More than 1 billion tonnes of CO2 emitted from shipping • Near record volumes of new deliveries • Backdrop of global economic uncertainty

  3. Agenda • Who is RightShip? • Star Ratings – What do they mean? • SVIS Explained • Proposal • GHG Emissions & Shipping • Live System Demonstration

  4. About Rightship • Independent company formed in Oct 2001 • Melbourne, London & Houston • 200+ Customers globally • Ship Vetting & Risk Management • Petroleum & Dry Cargo Vetting Service • Environmental Rating & CO2 Benchmarking • Worldwide dedicated vetting specialists • Former serving Masters and ChiefEngineers • Award winning proven system • ISO9001 and ISO27001 Certified

  5. RightShip Port & Terminal Customers Ship Broker Ship Owner Petroleum Insurance Ports &Terminals Regulator Utility Charterer

  6. Star Ratings – Explained

  7. Star Ratings – What do they mean? Indicate a detailed review of the vessel is required including a physical inspection of the ship and/or an audit of the vessel and its management systems Indicates further review of the vessel is required by RightShip Typically User Approved

  8. Data Sources • International Transport Workers' • Federation Blue Card Data • Global PSC Inspection & Detention data • Australian Maritime Safety Authority • US Coast Guard • Black Sea MOU • Caribbean MOU • Indian Ocean MOU • Mediterranean MOU • Paris MOU • Riyadh MOU • Tokyo MOU • Vina Del Mar • IHS Fairplay Data • Lloyd’s List Intelligence • Clarksons Hatch Load • P&I Club information • Office of Foreign Asset Control (OFAC) • EU & DFAT Banned Vessels • Paris MoU Banned Vessels • USCG Banned Vessels • IACS Class withdrawal information • Green Award • Environmental Protection Agency Data • (AUSMEPA, HELMEPA & NAMEPA)

  9. Ship Vetting Information System – Section 1: Calculated Risk Profile • For each risk parameter a vessel is assigned (independently) into one of the following risk categories: • Low Risk (LR – 10 points) • Low Medium Risk (LMR - 8 points) • Medium Risk (MR – 6 points) • Medium High Risk (MHR – 4 points) • High Risk (HR – 2 points). • Once matrixed (instantaneous) the columns are totalled and a base score is generated. • Note: • RightShip Inspection – up to +15 points • Green Award – bonus +15 points • Intercargo Vessel – bonus +5 points

  10. Ship Vetting Information System - Section 2: Rating Adjustments • Further adjustments are made to a vessel’s score to reflect the differing standards in operational and management control impacting its risk profile. • The relative performance of outside influences, such as Class Societies and Ship Size, are also used as a measure in refining the vessels overall rating. • These adjustments are added to the total calculated score (Section One) and may be positive or negative.

  11. Ship Vetting Information System - Section 3: Other Factors • Other Factors represent a specific set of issues/events related to a vessel’s performance as observed by third parties. • Typically Other Factors will reduce a vessel’s Star Rating below the automatic approval threshold. • If more than one factor is applicable, the most severe restriction will be enforced.

  12. Ship Vetting Information System - Section 4: Rating Calculation • A vessels score is derived by simply summing the totals of the previous sections paying due regard to any limiting factors and adjustments. • In this case, the overall risk ranking of the vessel would be 2 star but for the recent PSC detentions. To make our vetting recommendation, RightShip would request an inspection be conducted and seek to close out the PSC issues with the Owner/Manager directly (Corrective and Preventative action plans).

  13. Is Poor Performance Predictable?

  14. Unsystematic Risk Gap Is Poor Performance Predictable?

  15. GHG Emissions & Shipping

  16. Framing the Opportunity

  17. CO2 Emissions Emissions (Gigatons CO2) Data Source: Second IMO GHG Study (2009)

  18. The Problem with the Relative Efficiency of the Existing Fleet

  19. Basis of Comparison

  20. Let’s Compare

  21. Bulk Carriers 75,000 - 80,000dwt vs Reference Line (1990 – 2012)

  22. Bulk Carriers 75,000 - 80,000dwt vs Reference Line (2007– 2012)

  23. Compliance vs Efficiency 2007 – 2012 (Tankers)

  24. Complementary Vision

  25. Part Four How charterers use the tool

  26. Chartering customers are onboard and supportive • Developed in response to customer demand • Ten RightShipcustomers factor in energy efficiency into chartering selection process when vetting • together they ship 1 billion+tonnes of cargo • represents around 18% of global non-containerised shipments • around 15,000 vessel movements annually • Early adopters have significant first mover advantage • Feedback has been very positive • reduced shipping costs through reduced bunkers • enhanced reputationthrough focus on sustainability • supportscompany sustainability objectives

  27. How customers factor it into their selection process Vessel can be denied: Vessel warning:

  28. Bypass incumbent barriers to free information flow Vessel A Informed Decisions Vessel B

  29. Part Five How Ship Owners use the tool

  30. Ship Owners: Make Money in a Tough Market • Financial benefits • incentive provider to Environmental Ship Index • Port Metro Vancouver provides a 35% port fee discount to vessels with an EVDI™ of A, B or C • More likely to be selected by charterers who factor CO₂ efficiency into their vtting process • potential for lower insurance premiums • easier access to bank finance • payback period for retrofits and upgrades can be as little as six months • Reputational benefits • Newer is not always better

  31. Reputation Benefits

  32. Reputation Benefits – Sample Fleet

  33. Benefits

  34. Benefits to Ports • Systematic risk and sustainability evaluation on 71,000+ vessels (19,500 tankers) & 121,000+ companies; • Off the shelf access to proven system and experienced vetting personnel; • Continuously developing web based support tool to facilitate decision process - 24hours a day, 7 days a week; • A full audit trail to substantiate vessel selection including a detailed feedback mechanism; and • Customizable interface and suitability calculation with the ability to integrate legacy data and historical vetting decisions

  35. Targeted Intelligence - Operational Reality • Identify high risk vessels prior to their arrival, • Increased shore-side involvement & situation awareness, • Targeted PSC inspections, • Allocation of extra tugs / other strategies, or • Declined permission to enter the shipping channel entirely.

  36. Questions Take me to SVIS™ Email: vetting@rightship.com

More Related